In line with this, our multi-channel elevation strategy is a key driver towards achieving our long to medium term goal of delivering an unrivalled multi-brand offering to customers across sport, lifestyle and fashion. This strategy began on the high street with the active management of our property portfolio, which is seeing us continue to open a new generation of stores.
These include regional flagship stores with multiple fascias in key retail locations. This is enabling us to work closely with our third party brand partners to ensure greater integration of key products within improved retail space. The elevation strategy further encompasses how we connect with the consumer across all our channels, including social, digital and in store.
It is also creating opportunities for staff and it aims to increase value for shareholders in the long term. During FY18 we completed an organisational development programme to give staff improved visibility over career options within the Group. This has resulted in an improved system for staff appraisals. This activity included a review of staff wages at all levels of the Company within the UK, in order to ensure that our people continue to be rewarded for their loyalty.
I can confirm that all staff, including casual workers, continue to be paid hourly rates above the levels set by the National Minimum Wage or above the new Statutory National Living Wage if aged over In addition, the Company pays commission and other rewards to staff worth approx. The Company continues to meet its obligation to ensure staff in the UK, including casual workers, receive holiday pay on an accrued basis and statutory sick pay.
Further details of our arrangements for staff are set out in the People Highlights section of the forthcoming Annual Report including a new proactive occupational health programme, entitled SD Wellbeing, which offers support to staff via a range of measures.
The result is that we are able to offer a greater range of choice, including as time goes on, more premium product lines. We are working with our suppliers towards our elevated stores offering good, better and best products across all categories.
FY18 has seen us continue to strengthen our relationships with leading third party brands, including adidas, Nike, Puma and Under Armour. In addition to his duties in relation to property, Michael has therefore been assigned to the role of Head of Elevation. Other retailers owned by the company include House of Fraser, Flannels, Founded in , Sports Direct International plc is today the UKs largest sporting goods retailer by revenue, and operates a diversified portfolio of sports, fitness, fashion and lifestyle fascias and brands.
Sports Direct International plc operates as a sports retailer in the United Kingdom and internationally. The company involves in the retail of a range of branded sports and leisure equipment, clothing, footwear, and accessories; wholesale distribution and sale of companys owned or licensed brands; and licensing of its brands. Cau: The owner of the Gaucho and Cau steakhouses fell into administration in July leading to the closure of all 22 Cau restaurants, with loss of jobs.
The groups lenders have since bought the 16 Gaucho outlets. Additional closures in July mean jobs will be lost. New Look: The chain is closing 85 stores in a restructuring plan announced earlier this year. Its chairman, Alistair McGeorge, said the future of a further 39 stores was in doubt as talks with landlords continued. Prezzo: In March the Italian-themed restaurant group secured a CVA to close 94 of its restaurants, with the loss of jobs.
Rent cuts were agreed on a further 57 locations.The Board notes that independent shareholders voted against making this payment at the General Meeting held in December Established in by Mike Ashley, the company is the United Kingdom's largest sportsgoods retailer and operates roughly stores worldwide. No shares have been disposed of by the Company to this date. Monday, 8 April Find mini sneakers, sports footwear for tomorrows champions and trendy trainers for the cool kids. In relation to the composition of the Board we are committed to meeting gender diversity targets. This has seen dynamic report of our elevation strategy led by Michael Murray. In a international statement with Grant Thornton, Sports Direct reiterated that it still aimed to appoint one of the big accountancy firms despite sports rejections. This unit is complete with essential questions, power points five-paragraph essay structure, annual you have probably used many.
I can confirm that all staff, including casual workers, continue to be paid hourly rates above the levels set by the National Minimum Wage or above the new Statutory National Living Wage if aged over The appointment of Liam Rowley has brought enhanced focus on aligning our strategic investments with our medium to long term goals. Keith Hellawell. Byron: The upmarket burger chain is closing up to 20 of its 67 restaurants after a CVA agreed in January.
The number of shares held in treasury by the Company at the end of the period was ,, representing As at 18 July the Company has not purchased any further shares under the Share buyback programme. Debenhams: The under-pressure department store chain has said it could close up to 50 of its stores stores and wants to get rid of space at 30 more by bringing in gyms and other services. In line with this, our multi-channel elevation strategy is a key driver towards achieving our long to medium term goal of delivering an unrivalled multi-brand offering to customers across sport, lifestyle and fashion.
Poundworld: The discount retailer has closed all its stores, with the loss of 5, jobs after falling into administration in June. We continued to conduct our Share Buyback Programme during the period, pursuant to the authority granted to us at the AGM. However, an official announcement from Sports Direct was only released to the stock market on Wednesday. Analysis Department store rejects eleventhhour offer of financial support from Sports Direct. We will continue to keep this under review in future periods.
I can confirm that all staff, including casual workers, continue to be paid hourly rates above the levels set by the National Minimum Wage or above the new Statutory National Living Wage if aged over Sports Direct International plc operates as a sports retailer in the United Kingdom and internationally. Women hold approx. The Group continues to maintain substantial financial resources and a strong balance sheet. Cau: The owner of the Gaucho and Cau steakhouses fell into administration in July leading to the closure of all 22 Cau restaurants, with loss of jobs.